themoneymachine
I think you could be right. BHP is now overbought, if we look at previous rally attemps over the last year, when ever it hits these levels it just continues to fall.
I think it may indeed fall back to support again at $24.50. Not to forget the overall market is now looking very toppy.
And if the market retraces then BHP will follow. Excellent short pick :)
time to short, page-7
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Last
$42.06 |
Change
-0.930(2.16%) |
Mkt cap ! $213.4B | |||
| Open | High | Low | Value | Volume |
| $42.33 | $42.50 | $41.94 | $609.8M | 14.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5770 | $42.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.11 | 2807 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |